| Thu 21 May 2009, 8:15 | | PWK - Pick N Pay Holdings Limited - Further statement and notice of annual |
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PWK
PWK
PWK - Pick N Pay Holdings Limited - Further statement and notice of annual
general meeting
PICK N PAY HOLDINGS LIMITED
Registration Number 1981/009610/06
ISIN: ZAE000005724
JSE Share Code: PWK
("Pikwik")
FURTHER STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
FURTHER STATEMENT
Shareholders are advised that Pikwik`s consolidated annual financial statements
(Annual report) for the year ended 28 February 2009 will be posted to
shareholders today, and contain the following modifications to the reviewed
condensed consolidated results ("results") published on 23 April 2009.
The calculation of Pikwik`s consolidated headline earnings per share for the
year ended 28 February 2009 from continuing operations (excluding the results of
the discontinued operation of Score Supermarkets Operating Limited), as
published on 23 April 2009, included a calculation error.
This correction applies only to the additional disclosure for Pikwik`s
continuing operations. It has no impact on total earnings and headline earnings
of Pikwik nor on the dividend declared by Pikwik, all of which remain unchanged.
A summary of the changes to the results from continuous operations for the year
ended 28 February 2009, as published on 23 April 2009 is as follows:
PICK N PAY HOLDINGS Revised Revised As As
LIMITED - continuing disclosure disclosure previously previously
operations 2009 2008 disclosed disclosed
2009 2008
Per share - cents
Headline earnings 116.23 100.94 126.35 103.61
Diluted headline 113.92 96.46 123.93 99.10
earnings
For further details of this adjustment, please refer to the Annual Report which
is available on our website www.pnp.co.za.
Pikwik`s final dividend (number 55) per share is unchanged at 65.52 cents (2008:
57.65 cents).
KPMG Inc. has now completed their audit of the results and the annual financial
statements of Pikwik. Their unqualified audit report is presented in the annual
report and is available for inspection at the registered office of the Company.
Impact on Pick n Pay Stores Limited - Please note that this correction has no
impact on the results disclosed for Pick n Pay Stores Limited, which remain
unchanged.
NOTICE OF THE ANNUAL GENERAL MEETING
The notice of the annual general meeting will be posted to shareholders today,
included with the Annual Report. The annual general meeting of Pikwik will be
held at 10h00 on Friday, 12 June 2009 in the conference center of the registered
office, Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708,
to transact business as stated in the notice of the annual general meeting.
Cape Town Sponsor
21 May 2009 Investec Bank Limited
Date: 21/05/2009 08:15:02 Produced by the JSE SENS Department.
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